Joshua W.S. Wong Realtor

12/16/2017

Can Elon Musk make the Hawthorne real estate market sexy

Hawthorne real estate has changed dramatically since SpaceX came to town.

12/15/2017

A small contribution can go a long way.

12/14/2017

Actress Meryl Streep Buys Home In Pasadena

The midcentury modern home last sold in the ’60s.

12/12/2017

Wondering how to sell your home during the holidays?
While putting your home on the market between winter celebrations, school vacations, and family visits might seem like bad timing, sellers could actually benefit by using this period strategically to show and possibly even sell their place.

Here's why: Many home sellers take a holiday break until the New Year—and that could mean that your house may suddenly become a hot commodity. And, if buyers are truly squeezing in home showings between shopping trips and family visits, you know they must be serious.

So if you’re ready to put up a “For Sale” sign under the cheery glow of your holiday lights, go right ahead!

12/12/2017

JUST SOLD
Helped the buyer to find his perfect home.

Welcome home to spacious comfort! Offering three large bedrooms, two full baths and a half bath downstairs, this home is both beautiful and practical. The property was recently remodeled with new paint, new counter tops at kitchen and bathrooms, new flooring upstairs. The bright kitchen is ready for...

12/11/2017

What the Republican Tax Plan Means for You

After months of internal debate among Republicans, the House Ways and Means Committee released the details of its plan to overhaul the U.S. tax code for businesses and individuals. The highlights include lower rates for many individual households but not the highest earners; fewer individual tax brackets; a larger standard deduction for households who don’t itemize their tax bills; trimmed-back deductions for state and local taxes; eventual repeal of the estate tax; and much lower rates for corporate profits and profits for individuals on unincorporated business income.

As the law stands now, homeowners can claim as an itemized deduction interest paid on mortgages valued up to $1.1 million used to acquire or improve a first and/or second home. The plan maintains the current cap for existing homeowners, but slashes it to $500,000 for homes purchased in the future. This means a home buyer paying 4% interest on a $1 million mortgage would be able to deduct just $20,000, as opposed to the current $40,000.
At the same time as the plan cuts back on deductions for individual homeowners, it exempts real estate investors from a new 30% limit on interest deductibility for businesses.
Another change is to the provision that allows homeowners to exclude from their taxable income up to $250,000 in capital gains ($500,000 for married taxpayers) from a sale of their primary residence. Under the plan, to qualify for this break, homeowners must have owned and lived in the home for at least five of the last eight years. Currently the rule is two of the last five. Taxpayer use of the exclusion would also be limited to one sale every five years, rather than one every two. In addition, under the house bill, you begin to lose the gains exemption if adjusted gross income (in a look-back period) exceeded $500,000 if married or $250,000 if single.
Expensive markets would also be hit by the proposal to cap the deduction for property on a home at $10,000. Currently all state and local taxes are deductible in the ordinary tax (although not in the alternative minimum tax, which would be eliminated by the house bill).
Experts are still modeling who precisely will be impacted by all these changes and how much they will gain or lose compared to current law. In May, based on previously released tax plan outlines from Congress and the White House, NAR estimated taxes for homeowners with adjusted gross incomes between $50,000 and $200,000 would increase by an average of $815.
At that point, however, the industry was predominantly concerned that the doubling of the standard deduction (to $12,200 for individuals) would nullify the impact of the mortgage deduction. The proposal to cut the cap to $500,000, however, goes farther than NAR’s model, which also estimated the blueprint would cause a 10% drop in home values—with a greater loss in value in high tax states. Others estimates for drops in home values have been more modest. “Balancing tax reform on the backs of homeowners isn’t an option,” said NAR president Brown at the time.

11/11/2017

After gathering all required information, I’ll be ready to answer all questions from potential buyers or sellers. And clients will be induced almost immediately with the help of writing a perfect offer instantly.

11/04/2017

If you can’t sell your house or apartment using advertising channels and the Internet, it’s time to contact a professional real estate agent. They have proper education and know everything about selling and buying property. And your time could be spent for more precious moments.

11/03/2017

Stay Informed Thanks To a Realtor

Working on a real estate market I can introduce up-to-date market conditions for my clients, in particularly:

· An average cost per square foot in your area;

· Average sales prices;

· Average number of days your property could be on the market and lots more.

10/31/2017

Swing Aside All Emotional Aspects

My skills help me to work and negotiate professionally. It’s easy for me to remove myself from the emotional side and see the situation clearly. It couldn’t be achieved by buyers and sellers. That’s why I can represent my customer’s interests in the best light.

10/30/2017

Get Your List of References

Realtors have a wide network of professionals you may need to work with. They can advise you only reputable and competent vendors, which offer competitive pricing. It’ll make your choice easier and faster.

10/28/2017

Guaranteed Transparency of a real estate deal with a Realtor

Many people are convinced that the direct cooperation between buyers and sellers is more transparent. However, it’s not true. An experienced realtor is intended to achieve the best results according to your personal interest and knows how to smooth things if necessary.